Programs

Ground-up construction.

Financing for new construction on investment property, funded against verified progress. For builders and developers who can evidence a track record.

Submit a deal See current rates

How construction lending works

A construction loan funds in stages. Land or acquisition is typically funded at closing; the build budget is held and released in draws as each phase is completed and inspected.

Interest is normally charged only on the drawn balance, which is why the total cost depends heavily on how fast you actually build. A project that runs six months long does not just cost more in labour — it carries debt for six additional months.

Experience is the gate

This is the least forgiving program in our set for a first-timer. Lenders want completed projects of comparable scope, and a builder with a real history. If you have not built before, expect either a decline or materially reduced leverage.

What lenders examine

  • Entitlements and permits — approved, or a credible path with dates
  • The budget, line by line, with a contingency that is not token
  • The builder — licence, insurance, completed projects
  • The schedule, and what happens to it if inspections slip
  • The exit — sale, or refinance into permanent debt once complete
Contingency is not optional. A construction budget with no contingency line reads as a budget that has not been stress-tested, and lenders treat it that way.

Typical structure

Published market figures, not our rates. Full table and sources on the rates page.

Starts at
9.99%
Typical range
10% – 13%
Term
12 – 24 months
Max LTC
up to 85%
Max ARV
—
Draw schedule
—
Subject to underwriting. Not an offer or commitment to lend.

What to send

  • Site address and zoning
  • Permit status
  • Full construction budget
  • Plans and specifications
  • Builder details and past projects
  • Exit and timeline
Submit a deal

Easy Lending USA is not a lender, a bank, or a mortgage broker. We do not make credit decisions or fund loans. All programs are business-purpose loans secured by non-owner-occupied investment real estate and made to business entities.

Related programs

On an existing building rather than new construction, see commercial or fix and flip. To carry the asset between completion and its permanent financing, bridge covers that window, and where the finished property will be held and rented, DSCR is the usual takeout.

All seven structures are compared on the programs page, current market pricing with sources is on the rates page, and the FAQ answers how we are paid and what we do not do.